BRITISH TARIFF POLICY

Taranaki Daily News, 12 July 1929, Page 11

BRITISH TARIFF POLICY

FATE OF THE MeKENNA DUTIES. EMPIRE CONFERENCE WELCOME. British Official Wireless. Rugby, July 10. The Chancellor of the Exchequer, the Rt. Hon. Philip Snowden, in reply to a demand that the Government’ policy In regard to the McKenna duties should be made clear, said: "We shall make no statement of what we may do in regard to the McKenna duties on motorcars, clocks, musical instruments and other goods until the proper occasion comes, that is when the Budget is opened. "The Prime Minister's statement In regard to safeguarding duties was explicit. When these duties, or most of them, run through their statutory period they will not be renewed, and if in tho meantime, on review of tho financial position of the country and of all the related facts, we come to the conclusion that it is desirable to propose that they should be repealed we shall come to the House.”

Regarding Empire trade policy, he said that the Australian Prime Min : ister’s suggestion of a special economic conference was heartily welcome and was being “energetically taken up.